XRP is holding steady above $1.14 after that sharp selloff last week. On June 8, the token spent most of its session boxed in between about $1.13 and $1.16, closing near $1.14. Sellers are no longer pressing the tape lower, but the price action isn’t showing the conviction seen in a clean recovery either. This is about finding a floor, not breaking out.
That distinction matters for the downside risk question. There’s been coverage suggesting XRP could go all the way to zero, but that’s not what the current trading setup reflects. The zero case was framed as a tail risk tied to extraordinary conditions, while right now XRP is still holding near $1.14, its market cap remains above $70 billion, and Ripple’s broader payments network has relationships with more than 300 financial institutions, even if not all are using XRP itself.
Participation is tentative and price is stacking in a much tighter band instead of sliding straight down. Sellers have eased, but buyers are mostly defending support rather than pushing for a reversal. For now, it’s a holding pattern, volatile, but not unraveling, with price and network structure showing more pause than panic.
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